This institution assumed its full powers on January 1, 1999 under the leadership of Wim Duisenberg, its first president. In May 2010, this institution suspended its minimum threshold for sovereign debt, which meant that junk bonds could be used as collateral to borrow from this institution. Axel Weber, who once said that what he likes best about his job is that he doesn't have to worry about people's welfare,  recently announced that he would not serve as president of this institution. This institution's goal is to ensure price stability, which explains why it raised i
This institution assumed its full powers on January 1, 1999 under the leadership of Wim Duisenberg, its first president. In May 2010, this institution suspended its minimum threshold for sovereign debt, which meant that junk bonds could be used as collateral to borrow from this institution. Axel Weber, who once said that what he likes best about his job is that he doesn't have to worry about people's welfare,  recently announced that he would not serve as president of this institution. This institution's goal is to ensure price stability, which explains why it raised interest rates in July 2008 even as the economy it governs was entering a recession. That single goal is stated in the Maastricht Treaty, which established the currency whose monetary policy this institution governs. For ten points, name this Frankfurt-based policy-making institution whose job is to determine the value of the Euro.
This institution assumed its full powers on January 1, 1999 under the leadership of Wim Duisenberg, its first president.
{European Central Bank}